Singapore—Seaborne pellet prices rallied in Asia on the back of higher price levels for high-grade fines. S&P Global Platts assessed the spot blast furnace pellet premium to the 62% Fe Iron Ore Index assessment at $20.15/dry mt CFR North China on Wednesday, up 75 cents/dmt from last Wednesday, after adjusting to a 65% Fe basis. The 64% Fe blast furnace pellet was assessed at $113.50/dmt CFR North China on Wednesday, up $9.50/dmt week on week. The premium was assessed at $16.60/dmt CFR North China, up $3.80/dmt week on week.
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